Military company signs contract to boost real estate in Vietnam

PANO - Thai Son Corporation under the Ministry of National Defense and Starffi Vietnam Real Estate Investment Co., Ltd. signed a comprehensive strategic cooperation agreement on April 5 in Ho Chi Minh City.

The aim of the cooperation was to bring into full play the signatories’ potentials in real estate-related investment and trade and development of industrial parks.

At the signing ceremony

Under the agreement, the two sides will cooperate in investing in managing and expanding large-scale industrial parks throughout Vietnam.

According to Senior Colonel Phung Danh Tham, Thai Son Corporation’s CEO, the signing ceremony is an important landmark for the two signatories and helps create opportunities for real estate development in Vietnam.

Under the signed agreement, the two sides will establish a long-term and mutually-beneficial relationship and supportive ties, and boost a comprehensive intensive cooperation in the future.

A representative from the Starffi Hong Kong Holdings Group (China) spoke highly of the agreement, saying that Thai Son is an experienced corporation with potentials and capabilities of developing large-scale projects. The two sides pledged to implement real-estate and industrial park-related projects with the capital resource of billions of US dollars.

Last year, Thai Son Corporation overcame difficulties to meet its targets. Its turnover reached VND 5,530 billion, meeting 102 percent of the yearly plan. The corporation contributed VND 168.57 billion to the State budget, while its staff’s average income per capita was VND 7.4 million per month.